Woodline Partners LP Acquires Shares of 8,406 Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Woodline Partners LP purchased a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,406 shares of the transportation company's stock, valued at approximately $931,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. First Eagle Investment Management LLC raised its stake in Expeditors International of Washington by 32.0% in the fourth quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company's stock valued at $450,881,000 after buying an additional 987,233 shares in the last quarter. Boston Partners increased its position in shares of Expeditors International of Washington by 29.7% during the fourth quarter. Boston Partners now owns 3,797,712 shares of the transportation company's stock worth $420,693,000 after purchasing an additional 869,637 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Expeditors International of Washington by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 3,392,307 shares of the transportation company's stock worth $374,771,000 after purchasing an additional 57,736 shares in the last quarter. First Trust Advisors LP increased its position in shares of Expeditors International of Washington by 33.8% during the fourth quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company's stock worth $302,936,000 after purchasing an additional 690,539 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Expeditors International of Washington by 10.6% during the fourth quarter. Invesco Ltd. now owns 2,463,431 shares of the transportation company's stock worth $272,874,000 after purchasing an additional 235,409 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EXPD has been the topic of a number of research analyst reports. Truist Financial cut their target price on Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. Benchmark reiterated a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Wall Street Zen cut Expeditors International of Washington from a "buy" rating to a "hold" rating in a research report on Sunday, February 16th. UBS Group cut their target price on Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Finally, TD Cowen cut their target price on Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating on the stock in a research report on Wednesday, May 7th. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington currently has a consensus rating of "Hold" and an average price target of $113.89.

Expeditors International of Washington Stock Down 0.5%

EXPD stock traded down $0.58 during trading on Friday, hitting $112.69. The company had a trading volume of 2,573,305 shares, compared to its average volume of 1,277,689. The firm has a market cap of $15.43 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $131.59. The firm has a 50-day moving average price of $111.69 and a 200-day moving average price of $114.30.

Expeditors International of Washington Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $0.77 dividend. This represents a yield of 1.4%. The ex-dividend date of this dividend is Monday, June 2nd. This is a positive change from Expeditors International of Washington's previous semi-annual dividend of $0.73. Expeditors International of Washington's payout ratio is currently 25.58%.

About Expeditors International of Washington

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.